As someone who’s spent decades guiding clients through the ups and downs of the real estate market, I keep a close eye on housing trends that can impact your plans. Recent data shows Canada’s 6-month housing-starts trend dipped by about 1% in mid-Q3, settling around 244,000 annualized units. The pace for the month itself stayed steady near 229,000. In our larger city centres, actual starts reached 17,700 in mid-Q3—a slight 2% decline compared to last year—bringing us to 149,500 for the first eight months, or about 4% lower than the previous year. Despite these modest decreases, there’s still a substantial pipeline: homes under construction in centres over 50,000 population were just under 372,000, barely changed from the previous month. Completions, though, saw a sharper drop—down 11% to 17,600 units—while permits for future builds nudged up by less than 1% to 142,400. The outlook? Housing starts are still elevated by recent standards, but we’re seeing signs that construction is moderating as the year progresses. For buyers and sellers alike, understanding these shifts can make a real difference. My focus remains on helping you navigate these changes with clear, honest guidance grounded in experience.
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